Attention investors! Rare 4-plex investment property in a great community -Campus View. Features 4 spacious units w/functional layout, each w/2 beds, 1 full bath, cozy FP, in-unit W/D, balcony or deck. Dedicated covered parking spot for each unit + visitor parking. Long lasting Tile Roof. Prime location close to schools, library, shopping, restaurants, hospital, Panther Lake Park, Celebration Park, West Hylebos State Park, Costco, Winco & more!. Quick & Easy access to upcoming Light Rail, I-5, Hwy 99 & Hwy 18 for commuters. Fully Maintained & Professionally Managed (Management company handles everything w/owner input) makes the convenience of owning this 4plex a great option for investors near or far! Add to your investment portfolio today!
Sold
Listed by: Redfin • Troy Rothermel
Bought with: John L. Scott, Inc.
$1,030,000
34242 1st Place S, Federal Way, WA 98003
--beds
--baths
3,600sqft
Quadruplex, Multi Family
Built in 1977
-- sqft lot
$1,046,400 Zestimate®
$286/sqft
$1,913 Estimated rent
Home value
$1,046,400
$952,000 - $1.14M
$1,913/mo
Zestimate® history
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$1,913/mo
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$6,715/mo
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$6,715/mo
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Zillow last checked:
Listing updated:
Listed by:
Troy Rothermel,
Redfin
Bought with:
Yifan Zhang, 120822
John L. Scott, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2241322
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- None, Radiant
Features
- Flooring: Laminate, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
Property
Parking
- Total spaces: 6
- Parking features: Open
- Carport spaces: 4
- Uncovered spaces: 2
Features
- Patio & porch: Wall to Wall Carpet, Laminate Hardwood
- Has view: Yes
- View description: Territorial
Lot
- Size: 9,622 Square Feet
- Features: Curbs, Paved, Sidewalk, Deck
Details
- Parcel number: 1322010230
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Tile
Condition
- Good
- Year built: 1977
- Major remodel year: 2005
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: Lakehaven
- Water: Public, Company: Lakehaven
Community & HOA
Community
- Subdivision: West Campus
HOA
- HOA fee: $375 monthly
Location
- Region: Federal Way
Financial & listing details
- Price per square foot: $286/sqft
- Tax assessed value: $837,000
- Annual tax amount: $8,573
- Date on market: 6/21/2024
- Cumulative days on market: 761 days
- Listing terms: Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 6/28/2024 | Sold | $1,030,000-4.2%$286/sqft |
Source:  NWMLS as distributed by MLS GRID #2241322 Report a problem | ||
| 5/30/2024 | Pending sale | $1,075,000$299/sqft |
Source: NWMLS as distributed by MLS GRID #2241322 Report a problem | ||
| 5/22/2024 | Listed for sale | $1,075,000$299/sqft |
Source: NWMLS as distributed by MLS GRID #2241322 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,529 +7.9% | $837,000 +3.8% |
| 2024 | $8,834 +3% | $806,000 +3.9% |
| 2023 | $8,573 -0.4% | $776,000 -10.8% |
| 2022 | $8,607 -8% | $870,000 +5.5% |
| 2021 | $9,356 -1.1% | $825,000 +5.1% |
| 2020 | $9,462 +25.7% | $785,000 +25.2% |
| 2019 | $7,527 +19.2% | $627,000 +15.5% |
| 2018 | $6,317 -6.9% | $543,000 +15% |
| 2017 | $6,782 +20.2% | $472,000 +10.3% |
| 2016 | $5,642 | $428,000 +2.4% |
| 2015 | $5,642 | $418,000 +8.9% |
| 2014 | $5,642 | $384,000 -0.3% |
| 2013 | $5,642 | $385,000 +4.9% |
| 2012 | -- | $367,000 |
| 2011 | -- | $367,000 -5.4% |
| 2010 | -- | $388,000 |
| 2009 | -- | $388,000 +9.3% |
| 2007 | -- | $355,000 +45.5% |
| 2006 | -- | $244,000 |
| 2005 | -- | $244,000 +21.4% |
| 2001 | $2,782 -5.4% | $201,000 -2% |
| 2000 | $2,939 | $205,000 |
Find assessor info on the county website
Neighborhood: West Campus
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Nearby schools
GreatSchools rating
- 2/10Panther Lake Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 4/10Illahee Middle SchoolGrades: 5-8Distance: 1.2 mi
- 3/10Todd Beamer High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$1,046,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,046,400
- Washington
- King County
- Federal Way
- 98003
- West Campus
- 34242 1st Place S
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